DSM.V size---------- bid------------- ask---------------- size----------- volume 77.5--------0.125------------0.13----------------224.5---------------24,742.0 The company is convinced it is a misunderstanding. The minister has accepted a meeting to discuss the matter. The meeting should take place early next week OTCQB: DSMTF - DEEP-SOUTH RESOURCES INC - U.S. 14:28:24 EDT DSMTF - Q--------last-----0.1016-----------volume-------1,753.5 We believe that a meeting with the minister will remove any possible misunderstanding and the situation will be rectified in the shortest time frame possible.
Barchart opinion Support 0.11¢ Resistance 0.14¢ Weak sell Damages done by the denial of the ministry to renew the HAIB licence I know Pierre Léveillé since his early days running a pubco He is a straigth shooter The minister has accepted a meeting to discuss the matter. The meeting should take place early next week DSM believe that a meeting with the minister will remove any possible misunderstanding and the situation will be rectified When rectified the stock will gap to 0.19-0.22¢ range & Barchart opinion may become BUY
DSM technical review 0.125 Pivot Point 0.195 50% Retracement From 13 Week High/Low 0.223 Previous Close 0.225 Price Crosses 40 Day Moving Average 0.28 13-Week High
VSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 10:02:27 EDT Volume 1,740.3 last 0.14 up 0.015¢ DSMTF 0.1054 volume 84,100
Sadike Nepela, Director Sadike Nepela serves as General Manager of Kalahari Minerals PLC. For a number of years, Mr. Nepela served as an Assistant to the Minister in the Namibian Ministry of Mines and Energy and most recently he has been the General Manager for Westport Resources, a subsidiary of Forsys Metals Corp.(listed on the TSX). He is also a Fellow of the International Centre for Research and Training in Major Projects Management, Montreal, Canada. Mr. Nepela is a graduate of the University of Witwatersrand, Johannesburg and has also studied at the University of Connecticut, West Hartford, USA. Sadike Nepela is on the board of Deep-South Resources, Inc. and General Manager at Swakop Uranium (Pty) Ltd. and General Manager for Kalahari Minerals Ltd. In his past career Mr. Nepela held the position of General Manager for Westport Resources Namibia Pty Ltd. Mr. Nepela received an undergraduate degree from the University of Namibia, an undergraduate degree from the University of Connecticut and an undergraduate degree from the University of the Witwatersrand.
John H. Akwenye, Chairman, Director Mr. Akwenye is a Namibian retired lawyer with over 30 years of experience in business development in Namibia. From 1994 to 2008, he was Chairman of Guinas Investents (PTY) Ltd a Swapo owned investment company. He has been chairman of the Namibian Airports Company from 2001 to 2004. He is Director of Corporations such as Areva Resources Namibia and PE Minerals and he his currently Chairman of Deep-South Mining Company (PTY) Ltd and Director of Haib Minerals (PTY) Ltd.
Appointments below are aming at creating added value to sell Haib 2021-05-20 Deep-South Appoints Dr Martinez Bellange as Special Advisor on Bio Leaching 2021-05-19 Deep-South appoints the CSIRO of Australia to conduct the bio assisted heap leaching test work 2021-05-13 Deep-South appoints Knight Piésold to produce scoping studies on the Haib Copper project in Namibia 2021-04-26 Deep-South appoints METS engineering of Australia to conduct metallurgical test work
DSM - V Size-------Bid--------------Ask---------Size-------Last 107.5----0.12-------------0.12--------58.5--------0.12
Answers from our CEO FYI: Quoted answers by CEO after permission of going public CEO: See my answers after each of you questions below: EMP for EPL 3140 The EMP for EPL 3140 was filled in august 2020 of your subsidary: the-eis.com/elibrary/sites/def…0Mineral%20EPL%203140.pdf SLR Consulting (Africa) (Pty) Ltd (SLR) has been appointed by Haib Minerals as the independent environmental assessment practitioners to undertake the EMP amendment process and submit the updated EMP to MET for their review and approval. Was it submitted to MET? Is it approved? Is that MET linked with the EPL conditions? Answer: The EMP was filed and approved. When approved it is an Environmental Clearance Certificate that is issued for 3 years. We have the ECC since February as it is a condition to start drilling. The Ministry of Mines has issued the drilling permit only on the condition that we have the ECC Please comment the progress: Drilling 20 holes for both metallurgical tests and geo-tech holes on three target area (Target Area 1, 2,and 3) with identified 10 sites (refer to Figure 1-3). Excavation of 4 representative trenches, ±20 meters long and ±1 meter deep in the above mentioned target areas. (think buld samples permitted til Nov202 Extraction of water from the Orange River for drilling purposes (as per previous EMP). Answer: The information you have is different in the resulting ECCas we have changed the trenches for more drilling and it has been approved. If we drill it is because we have received all authorizations for the District Concilor, which is the relevant authority to approve water extraction for exploration. For mining it is a different authority. As far as we know - some time ago - there was also a MDRL fr Haib applied. That would provide sharesholders much more safety than a conditioned EPL. Have you applied for a MDRL? What is the current status or the feedback of MET Answer: The MDRL application was filed by Teck Resources in January 2017 with the Ministry of Mines, not the MET, which has nothing to do with the granting of exploration or mining licences. At the time Teck was still holding 70% of the company holding the licence and they have done it without our consent. MDRL application was very bad news. A Mining Deposit Retention Licence is filed for up to 5 years when a company intends to carry no exploration or development work for a period of up to 5 years. We bought Teck 70% interest in May 2017 and immediately requested to apply for an extension of the EPL, which was approved by the Ministry. The MDRL filed by Teck was refused. Some of us are confused because we didn't find a NR or sedar Filling of the very important old application extension til 21.04.2021. Is there a filling? And if not, why? Answer: We have never issued NR for an application of a licence renewal. However, you can understand that if the Ministry has refused the licence renewal it is because we have filed an application for renewal. I confirm, we have duly applied Pilot Plant "The Company has also informed the Ministry that at the completion of the Feasibility Study, it is planning to build a pilot plant on site for an estimated cost of CAD$ 25.5 million" Our concern is that it will be difficult to communicate positively to investors. Which strategic Partner will invest before getting the detailed recovery results? That could lead to much dilution. Was this pilot plant part of the updated PEA? Do you think it will be obligatory ;-) to convince MET to get the EPL renewal Answer: The pilot plant is not part of the updated PEA but will be part of the Feasibility Study (FS). It is normal to inform the Ministry of Mines of the long term planning. Building a pilot plant after the FS is a normal step for any project in development and not planning it would be weak project management.. I am always fascinated to see how some investors are bothering with potential dilution that could only happen in a long time (2.5 years) and only if certain conditions are met. In this case, the FS needs to be positive and recommend the pilot plant. We are confident that if the FS is positive and recommend the pilot plant, our market cap will be higher and we will limit dilution. Also, the FS can be convincing for a strategic partner. So, there will be many conditions that will evolve and change over time that makes a discussion about dilution today quite speculative and useless We don’t have to convince MET (Ministry of Environment and Tourism) for the renewal of any exploration licences. We have to convince MME (Ministry of Mines and Energy) Strategic Partner In my view Tech is not that partner. "Teck may determine to increase or decrease its holdings in Deep-South depending on market conditions and any other relevant factors » Answer: All large mining companies have the same statement about their investment in exploration companies. They want to protect themselves if some investors start to speculate about their intentions. At the moment, Africa is not the focus of Teck, so, they are a passive shareholder Some of us are invested in Gold developers in thopia. They still have similar problems with the progress (finding local investors) and state 'requirements'. Answer: However, I have to say that the Mining Act is very clear and we do not foresee any problems with this in the future. The article of the Namibian you refer is stating 15% of mining licences. We are not at this stage yet as we have apply to renew and Exploration and Prospecting Licence. In our case, we already have a large shareholding with Namibians and we will have to see when we apply for the Mining lease if our Namibian shareholding is at or over 15%. Keep in mind that the company wa originally founded by Namibian shareholders. Regards Pierre
Pierre Léveillé, President & CEO of Deep-South Resources, makes an announcement following this week’s news release. Pierre will keep you informed of any upcoming developments. TSX-V: DSM OTCQB SMTF LINK TO VIDEO
